The U. S. Securities and Exchange Commission (SEC) recently filed charges against Anthony Marsico, Arthur P. Pizzello. Jr., Robert Quattrocchi, and Timothy Carey for insider trading in the stock of Goodness Growth Holdings, Inc., a cannabis company now doing business as Vireo Growth. The SEC’s complaint, filed in U.S. District Court for the Northern District...Read More

The U.S. Securities and Exchange Commission (SEC) secured a final consent judgment against Andre Wong, a former employee of Lumentum Holdings, Inc., for engaging in illegal insider trading.  While the facts of the underlying insider trading are not unique, the severity of the civil penalty imposed was, no doubt intended to send a strong message...Read More

The U. S. Securities and Exchange Commission (SEC) recently sued Gabriel Rebeiz, a university professor of  electrical engineering and a private technical consultant, with insider trading. The SEC complaint was filed in the United States District Court for the Southern District of California, and alleges Rebeiz violated a key anti-fraud provision of the federal securities...Read More

The U. S. Securities and Exchange Commission (SEC) filed civil charges against David Cooper, a securities brokerage firm registered representative, John Lowe Jr., Randy Grewal, and Richard Ringel, three securities traders, and their companies, for engaging in a long-running illegal inside trading scheme.  The illegal insider trading scheme, as alleged by the SEC, involved a...Read More

The U.S. Securities and Exchange Commission (SEC) obtained a final judgment in an enforcement case it filed over eighteen months ago against Amit Dagar, a former Pfizer Inc. employee, and his close friend and business partner, Atul Bhiwapurkar, for engaging in alleged illegal insider by capitalizing on material, non-public information concerning Pfizer’s Covid-19 treatment. The Final...Read More

While it is true that brokerage firms usually prevail in enforcing promissory note and employee forgivable loan claims in FINRA arbitrations, that is not always the case.  In my years of defending financial advisors in these matters, I have found that with certain facts and key evidence, the advisor has an opportunity to vigorously oppose...Read More

The United States Securities and Exchange Commission (SEC) recently secured final court judgments against five individuals who were alleged to have worked in concert to engage in illegal insider trading by capitalizing on material, nonpublic information.  Four traded on the inside information given by the fifth and then passed it on to friends and family....Read More

With over two decades of experience defending SEC insider trading investigations, and having conducted insider trading investigations when I served as Senior Counsel in the SEC’s Enforcement Division for several years, contact me if you’re facing an SEC insider trading inquiry and are looking for strategic guidance designed to avoid being charged.   My analysis of...Read More

The United States Securities and Exchange Commission has charged Carlos Sacanell for allegedly utilizing material nonpublic information to illegally trade on Oak Street Health, Inc. (Oak Street) in advance of an announcement that CVS Health Corporation, Inc. (CVS) had agreed to acquire it.  Filed in the U.S. District Court for the Eastern District of Pennsylvania,...Read More

In a case involving an apparent egregious breach of public trust, the Securities and Exchange Commission levelled insider trading charges against a veteran Federal Reserve Bank of Richmond supervisor and examiner for allegedly trading stock and options in two publicly traded companies under his supervision while in possession of material nonpublic information. The SEC’s complaint...Read More